Global Glycolic Acid Market Research Report 2021

Glycolic acid is an alpha-hydroxy acid (AHA), which is colorless, odorless, and highly soluble in alcohol. It is also derived from fruit and milk sugars. It is synthesized from ethylene glycol-oxidizing microorganisms. Glycolic acid contains a keratolytic, germinative layer and produces a fibroblast stimulating action. Its chemical formula is C2H4O3.
Rising awareness regarding skincare and hair care along with growth in personal care products are some of the prominent trends and drivers supporting the growth of global glycolic acid market. Furthermore, increasing demand for skin lightning and anti-aging products from youth population boost the skincare ingredients market. Moreover, the global glycolic acid market is propelling with the increasing spending on household cleaning. Naturally processed glycolic acid has surpassed the production of chemically processed glycolic acid, which is likely to affect the growth of the market over the forecast period, positively. However, stringent regulation regarding the concentration of glycolic acid in personal care products and availability & development of substitute such as salicylic acid are expected to hinder the market growth during the review period.

Market Analysis and Insights: Global Glycolic Acid Market
The global Glycolic Acid market was valued at US$ 209 million in 2019 and it is expected to reach US$ 310.6 million by the end of 2026, growing at a CAGR of 5.8% during 2021-2026.

Global Glycolic Acid Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Glycolic Acid Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Natural
Synthetic

Segment by Application
Personal Care
Household
Industrial
Others

By Company
CrossChem
Phibro Animal Health Corporation
SimcoQC
The Chemours Company
Zhonglan Industry

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E